Chandler to be bought out by Suns, sign with Lakers

The Phoenix Suns are buying out Chandler's contract, a move that will allow the 18-year veteran - once he clears waivers - to sign with the Los Angeles Lakers.

A moment of silence is observed in honor of Philip "Flip" Saunders' passing before the game between the Los Angeles Lakers and the Minnesota Timberwolves at Staples Center on October 28, 2015 in Los Angeles, California.

Chandler, 36, is in his 18th season, and was slated to make $13.6 million this season in the final campaign of a four-year contract with Phoenix.

Chandler is earning $13.6 million this season which essentially guarantees he will pass through waivers easily.

"We love the fact that we're going to get another veteran", Lakers star LeBron James said Saturday night.

That, according to Stein, is the Lakers, who are getting solid minutes out of JaVale McGee in the pivot, but are severely lacking while he is off the floor. The Lakers will have a $1.3 million cap hit on the books.

Kasatkina hits out at scheduling, Latest Tennis NewsIn the Rose Group, defending champion Julia Goerges defeated Elise Mertens 6-2 7-6 (5) to advance to the last 4. The Elite Trophy features the world's top 12 singles players who did not qualify for the WTA Finals last week.

The New York Times first reported the buyout was in process. The Lakers tried Kyle Kuzma as a small-ball center but it didn't lend to positive results, as they've since turned to two-way signee Jonathan Williams.

The early-season buyout is rare.

Chandler was drafted by the Clippers as the second-overall pick of the 2001 draft, but was immediately traded to the Bulls. His productivity has been on the decline in recent years.

In seven games this season, Tyson Chandler is averaging 3.7 points and 5.6 rebounds while shooting 66.7 percent from the field.

Information from ESPN's Bobby Marks was used in this report.

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